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Norway’s sovereign wealth fund indirectly holds 7,161 BTC, worth $862.8 million, via investments in bitcoin-holding companies.
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The holdings have grown nearly 88% in six months and almost tripled over the past year.
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Top exposure comes from its stake in Strategy, with additional holdings in Coinbase, Block, MARA, and Metaplanet.
BTC Exposure Through Public Companies
K33 Research reports that Norway’s $1.5 trillion sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), now indirectly owns 7,161 BTC through equity stakes in companies with significant bitcoin reserves.
Rapid Growth in Holdings
The BTC exposure has grown 87.7% since January, mainly due to Strategy increasing its own BTC holdings by nearly 146,000 coins in H1 2025. NBIM’s stake in Strategy alone is now worth $1.18 billion.
Diversified Crypto-Linked Investments
NBIM also holds shares in Block, Coinbase, MARA, and Metaplanet, further boosting its indirect bitcoin exposure. While this is not an intentional BTC investment strategy, it shows how bitcoin is entering mainstream institutional portfolios.
BTC Performance in Different Currencies
While bitcoin has hit all-time highs above $123,000 in USD terms, it has yet to surpass January highs in euros. Analysts point to €105,600 as a key resistance level for BTC in European markets.
